Taiwan Opens Doors to Foreign Crypto ETFs
Taiwan’s Financial Supervisory Commission (FSC) has made a big move in the crypto world, allowing professional investors to get their hands on foreign Bitcoin and other crypto ETFs. This decision comes after a surge in crypto-based ETFs in the US, with the first Bitcoin ETF getting approved in January followed by Ethereum shortly after.
This move shows Taiwan’s willingness to embrace crypto as a growing and important asset class. The FSC has put in place some rules for investors, including:
- Investors must meet certain criteria, like being professional institutional investors, high-net-worth individuals, or registered funds.
- Securities firms looking to invest in crypto ETFs need to have a board-approved suitability assessment.
- Businesses will have to go through mandatory education programs to learn more about crypto and its risks.
This move by Taiwan could have a significant impact on the crypto market, as it opens up access to new investors and potentially increases demand for crypto ETFs. It remains to be seen what the long-term implications of this decision will be, but it’s a clear sign that Taiwan is taking crypto seriously.
